Pacer Advisors Inc. Has $5.10 Million Stock Position in Helix Energy Solutions Group, Inc. $HLX

Pacer Advisors Inc. cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 777,603 shares of the oil and gas company’s stock after selling 106,858 shares during the quarter. Pacer Advisors Inc. owned about 0.53% of Helix Energy Solutions Group worth $5,101,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HLX. Bessemer Group Inc. increased its position in Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after buying an additional 3,576 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 5,946 shares during the period. XTX Topco Ltd bought a new position in shares of Helix Energy Solutions Group in the second quarter worth $80,000. Inceptionr LLC acquired a new stake in Helix Energy Solutions Group during the second quarter worth about $84,000. Finally, WINTON GROUP Ltd bought a new stake in Helix Energy Solutions Group during the second quarter worth $85,000. 91.33% of the stock is currently owned by institutional investors.

Insider Transactions at Helix Energy Solutions Group

In related news, COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total value of $275,200.00. Following the completion of the transaction, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HLX shares. TD Cowen increased their target price on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 15th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Stock Up 0.2%

Shares of NYSE:HLX opened at $6.28 on Tuesday. The stock has a market capitalization of $922.93 million, a P/E ratio of 22.41 and a beta of 1.26. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $9.75. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $6.71 and its 200-day moving average price is $6.50.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The business had revenue of $376.96 million during the quarter, compared to analyst estimates of $361.93 million. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.